According to the latest Deloitte survey on cost management; "Save to transform: cost management in environments of technological disruption and economic slowdown" conducted among more than 1;200 executives from major global regions and industries; the three priorities for the next two years are technological transformation; digital transformation and cost optimisation.
Cost reduction remains a global imperative because; in addition to becoming one of the priorities; it is crucial to obtaining the financing that drives the digital and technological transformation of companies. In Spain; only 26% of companies have a high level of maturity when it comes to dealing with their costs; which is 10 percentage points lower than European companies and almost 50 points lower than US companies.
Given the volatile scenario we find ourselves in; companies that adopt a "save-to-transform" approach will be better prepared for future challenges. Industrial companies will need to find resources to invest in emerging technologies if they want to remain competitive and continue to grow profitably.
On the other hand; research shows that one of the categories of expenditure that most concerns managers in the industrial sector is MRO. Nicola Crivellari; partner at ERA Group and specialist in the industrial sector and international projects in this field; explains in a recent interview how he helps his clients finance their businesses through projects to reduce these types of costs. Download the full interview here
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